FIL Ltd Invests $3.72 Million in Aris Water Solutions, Inc. (NYSE:ARIS)

FIL Ltd acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 155,148 shares of the company's stock, valued at approximately $3,716,000. FIL Ltd owned approximately 0.27% of Aris Water Solutions as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARIS. Legal & General Group Plc grew its stake in shares of Aris Water Solutions by 38.1% during the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock worth $138,000 after acquiring an additional 1,594 shares in the last quarter. Invesco Ltd. grew its position in Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company's stock valued at $8,758,000 after purchasing an additional 159,024 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Aris Water Solutions by 28.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 18,529 shares of the company's stock valued at $444,000 after buying an additional 4,086 shares during the last quarter. Trexquant Investment LP bought a new stake in Aris Water Solutions during the 4th quarter worth about $967,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Aris Water Solutions by 12.7% during the 4th quarter. Alliancebernstein L.P. now owns 23,330 shares of the company's stock worth $559,000 after buying an additional 2,630 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. The Goldman Sachs Group upped their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. StockNews.com cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Citigroup restated a "neutral" rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Aris Water Solutions currently has a consensus rating of "Hold" and an average price target of $27.00.

Insider Buying and Selling

In other Aris Water Solutions news, CAO Jeffrey K. Hunt sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the completion of the sale, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the transaction, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. The trade was a 12.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 23.06% of the company's stock.

Aris Water Solutions Stock Performance

Aris Water Solutions stock traded up $0.31 during mid-day trading on Friday, hitting $25.87. 1,438,501 shares of the company's stock traded hands, compared to its average volume of 566,428. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a 50 day simple moving average of $28.56 and a two-hundred day simple moving average of $25.16. Aris Water Solutions, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $33.95. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 32.34 and a beta of 1.81.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.14 per share. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.16%. Aris Water Solutions's payout ratio is presently 70.00%.

Aris Water Solutions Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.